CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Current assets
Cash and equivalents	$ 276	$ 316
Accounts and notes receivable, net	2,394	2,133
Prepaid expenses and other	230	257
Assets, current, total	2,900	2,706
Property and equipment, net	1,960	1,956
Intangible assets
Goodwill	8,990	9,039
Goodwill and intangible assets, net, total	17,540	17,419
Equity method investments	580	732
Notes receivable, net	109	125
Deferred tax assets	169	171
Operating lease assets	955
Other noncurrent assets	599	587
Total assets	24,812	23,696
Current liabilities
Current portion of long-term debt	227	833
Accounts payable	813	767
Accrued payroll and benefits	1,207	1,345
Accrued expenses and other	1,306	963
Liabilities, current, total	5,738	6,437
Long-term debt	10,552	8,514
Deferred tax liabilities	291	485
Operating lease liabilities	868	0
Other noncurrent liabilities	2,287	2,372
Shareholders’ equity
Class A Common Stock	5	5
Additional paid-in-capital	5,773	5,814
Retained earnings	9,522	8,982
Treasury stock, at cost	(13,958)	(12,185)
Accumulated other comprehensive loss	(504)	(391)
Stockholders' equity (deficit) attributable to parent	838	2,225
Liabilities and equity (deficit), total	24,812	23,696
Brands
Intangible assets
Intangible assets	5,908	5,790
Contract acquisition costs and other
Intangible assets
Intangible assets	2,642	2,590
Liability for guest loyalty program
Current liabilities
Liability for guest loyalty program	2,185	2,529
Contract with customer liabilities	3,439	2,932
Deferred revenue
Current liabilities
Contract with customer liabilities	$ 799	$ 731